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THE UNITED REPUBLIC OF TANZANIA
NATIONAL EXAMINATIONS COUNCIL OF TANZANIA CERTIFICATE OF SECONDARY EDUCATION EXAMINATION
062 BOOK KEEPING
(For Both School and Private Candidates)
Time: 3 Hours Tuesday, 12th November 2019 p.m.
SECTION A (20 Marks)
Answer all questions in this section.
1. For each of the items (i) - (xv), choose the correct answer from among the given alternatives and write its letter beside the item number in the answer booklet provided.
(i) When a new partner is admitted to a partnership business, any decrease in value of an asset resulting from valuation is debited to
(ii) From the following categories of errors, identify the category of errors which affect only one account
(iii) Which of the following books of prime entry is used to record a list of goods sold on credit?
(iv) Which of the following accounting errors are corrected through the suspense account?
(v) The term depreciation would best be described as the
(vi)A business had an opening and closing capital balances of TZS 57,000 and TZS 64,300 respectively in a certain financial year. The drawings during the same year amounted to TZS 11,800. What was the amount of profit made by the business during that year?
(vii) What should be the accounting entry for expenses incurred by a consignor in his books of accounts?
(viii) Under which of the following circumstances can an auditor issue a qualified audit opinion?
(ix) Given balance as per cash book TZS 6,500, uncredited cheque TZS 1,500, bank charges not yet entered in the cash book TZS 500 and credit transfer received by bank but not yet entered in the cash book TZS 1,000. What will the balance as per bank statement?
(x) When preparing a trial balance, what would result if sales made to Ramima TZS 57,000 is wrongly debited to Ramimas account as TZS. 75 000?
(xi) What is the amount of stock reserve on a closing stock of TZS 6000 in department B if goods are transferred from department A to department B at a price which includes a profit of 25% on cost?
(xii) Government accounting is important for countries like Tanzania because it
(xiii) The suppliers personal accounts are kept in the
(xiv) A credit balance in the income and expenditure account indicates the excess of
(xv) Which of the following depreciation methods uses the reduced value to compute the depreciation of a non-current asset?
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